VeriSign nabs GeoTrust

Continuing its acquisition spree, VeriSign on Wednesday said it will acquire rival GeoTrust for about $125 million in cash. GeoTrust, based in Needham, Mass., sells SSL (Secure Socket Layer) certificates and other products and services to secure electronic transactions.

The takeover is subject to regulatory approvals and other customary conditions and is expected to close in the second half of this year, VeriSign said in a statement. GeoTrust sells its services through a network of about 9,000 resellers in more than 140 countries, which will complement VeriSign's direct-sales SSL business, the Mountain View, Calif.-based company said.

[idreamincode]

Verign is the WORST company EVER! NO!

I thought I found a good company to work with when I started using GeoTrust for SSL certs, but looks like I'm going to have to search elsewhere.

There is NO way I will EVER again work with Versign or any of their companies!

[habanero-cnet]

Bad day for competition

VeriSign can't compete, so they acquire. This is horrible news since they also own Thawte. I hate VeriSign. M O N O P O L Y !

[habanero-cnet]

complain to the DOJ!

Textbook example of a merger likely to lessen competition.

Here's how to speak up and file a complaint:
http://www.usdoj.gov/atr/contact/newcase.htm